Authorizes a tax abatement for certain real property occupied by disabled veterans

1 Co-sponsor

• Kevin S. Parker

BILL NUMBER:S1307 REVISED 2/11/13

Title of bill

An act to amend the real property tax law, in relation to authorizing a tax abatement for certain rental property occupied by disabled veterans

Purpose or general idea of bill

To give municipalities that have rent controlled or rent stabilized dwelling units the power to extend the tax abatement law, which now applies only to senior citizens, to disabled veterans who qualify under the income eligibility provision.

Summary of specific provisions

Paragraph b of subdivision 3 of section 467b of the real property tax law, as amended by section 1 of chapter 188 of the laws of 2005, is amended.

Justification

A municipality is empowered to pass a local law, ordi- nance, or resolution granting a partial tax abatement to persons sixty two years or older who live in dwelling units subject to rent control or rent stabilization where the increase over the legal regulated rent exceeds one third of the householder's income.

This bill is a natural and appropriate extension to the tax abatement for senior citizens who live in rent controlled or rent stabilized apartments. Many disabled veterans live on fixed incomes. These men and women deserve a decent standard of living. Those municipalities sensi- tive to disabled veterans' needs should have this enabling legislation.

Prior legislative history

This bill was previously introduced.

Fiscal implications

None to the state.

Effective date

This act shall take effect immediately; provided that the amendments to section 467-b of the real property tax law made by section one of this act shall be subject to the expiration and reversion of such section pursuant to section 17 of chapter 576 of the laws of 1974, as amended, when upon such date the provision of section two of this act shall take effect.